CPPIB, CCP sign portfolio exchange

CPPIB, CCP sign portfolio exchange

M&A Equity Brazil Canada

Canada Pension Plan Investment Board (CPPIB) and Cyrela Commercial Properties (CCP) said they have executed a portfolio exchange transaction, where the former will net a 33% stake in CCP's Brazilian corporate office portfolio.  In return, CCP will acquire CPPIB's 50% share in an existing logistics venture, CCP Logistica Empreendimentos Imobiliarios, the companies said in a joint statement.  The CCP office portfolio comprises 12 properties covering 90,500 square meters of leasable space. The c

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial